CII Members Plead Case On Hill for Good Governance
On April 16, 11 General Member representatives and CII staffers crisscrossed Capitol Hill to discuss recently adopted Council policy updates on auditor independence and “one share, one vote.” They also expressed concerns about proposed legislation to require the SEC to beef up its cost-benefit analyses of its rulemakings. The CII group solicited Hill lawmakers and staffers on potential Council research topics and discussed ways CIl can help legislators work to maintain sound capital markets that benefit long-term investors. CII General Counsel Jeff Mahoney, Executive Assistant Melissa Fader and Intern Cory Lyons coordinated the meetings and escorted members to Congressional offices. The group met with Reps. Michael Fitzpatrick (R-Penn); Ruben Hinojosa (D-Tex.) and Jim Himes (D-Conn.). Staffers for key members of the Senate Banking Committee and House Financial Services Committee also met with the group.